5 Easy Steps to a Smart Compensation Plan

How smart is your company? Smart companies have up-to-date compensation plans that support their business objectives and ensure their long-term success. As the HR leader at your organization, it’s important that you can efficiently lead your company through either developing or updating its current compensation plan. With all that in mind, we’ve created a succinct, step-by-step guide to compensation planning and salary benchmarking. Whether you are creating a formal compensation plan for the first time or updating an old one, the following series of checklists will help you through the process.